Announcement

Collapse
No announcement yet.

1031 like kind exchamge

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    1031 like kind exchamge

    Using Starker, client exchanged 3 residential properties into a farm for 1.5 million which included what became a personal residence with a FMV of 350,000 (boot). All proceeds from 3 properties were used as down payment towards farm. How does the additional new loan in the amount of 950,000 affect basis and what line on Form 8824 is this included?
Working...
X